ASX is set for a lower start to Monday’s trading session with SPI down 30 points to 6007 on the back of a mixed results in US on Friday.
The Dow Jones down 0.2%, S & P down 0.2% while Nasdaq was up by 0.1%. ASX appears to be heading towards a month end close below 6000 points wiping out earlier month’s gains above 6100 points.
AUDUSD traded stronger earlier last week and has maintained it by trading around US $0.7555 cent. Good news for motorist is that Oil lost 3% so hopefully we will see this pass on at the petrol stations shortly.
Global investors will again be looking for further directions with the all important Non-Farm Payroll & Unemployment numbers due out this Friday in US. The Market is tipping for the US to have created 190,000 jobs with unemployment rate remaining steady at 3.9%.
DATA RELEASES THIS WEEK:
JPY – Unemployment Rate
USD – CB Consumer Confidence, ADP Non-Farm Employment Change & Prelim GDP q/q
NDZ – RBNZ Financial Stability Report & RBNZ Gov Orr Speaks
JPY – BOJ Gov Kuroda Speaks
CAD – BOC Rate Statement & Overnight Rate
CHF – SNB Chairman Jordan Speaks
NZD – ANZ Business Confidence
AUD – Private Capital Expenditure q/q
USD – Crude Oil Inventories, Average Hourly Earnings m/m, Non-Farm Employment Change , Unemployment Rate & ISM Manufacturing PMI
GBP – Manufacturing PMI
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